hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
hahaha, new launch at St michael Rd from 600psf, 999yr leasehold. Dakoda buyers are fxxking screwed now!!!!!!!!!!!
Haha.... look at the other thread, new launch at Kovan this weekend, 500+ units, 99-year, minimum $900psf, makes Dakota Residences a steal!Originally Posted by st michael
you must be kidding right... someting must be wrong with this project then...Originally Posted by st michael
Honestly, with the current world economic scene, the above developer really thinks the market is desperate for property???Originally Posted by Kovan
I think anyone who pays such price has little common sense imo.
Originally Posted by st michael2 idiots talking cock here!Originally Posted by Kovan
Wake up! This thread is not for St Michael nor Dakota.
http://www.businesstimes.com.sg/sub/...87712,00.html?
Published July 15, 2008
Condo sales at showflats tapering off
One developer blames Livia's pricing for 'spoiling' other projects' sales
By KALPANA RASHIWALA
WHILE City Developments managed to sell 96 units last week at its Livia condo at Pasir Ris, developers of most other projects suffered rapidly declining sales at their showflats.
Woodsville 28: When Frasers Centrepoint previews its project this weekend, the stakes for nearby Kovan Residences are expected to go up
At least one developer blamed Livia's attractive pricing - $650 psf on average - for 'spoiling' sales of other projects, while others said a tapering off was to be expected given negative news flows from overseas on the state of the financial and stock markets.
Developers and property agents generally reported still strong turnouts at showflats last weekend, although take-up slowed.
Sim Lian sold 19 units last week at its Clover By The Park condo in Bishan, less than the 59-unit sales it achieved in the preceding week. To date, Sim Lian has sold 273 of the total 616 units in the project. 'That's almost 45 per cent of a large project in just three weeks; that's quite an achievement given current market sentiment,' Sim Lian Group executive director Diana Kuik said when approached by BT.
The 99-year leasehold project's average price remains at $750 psf.
Sim Lian also sold a unit at The Amery, a freehold project in the Telok Kurau area, last week - again a less sparkling performance than the four units it sold a week earlier.
Next to Geylang River, NTUC Choice Homes and Ho Bee found buyers for another nine units at Dakota Residences last weekend. This brings total sales to 170 units in the 99-year project, which has an average price of about $980 psf.
Over in the Kovan MRT Station vicinity, the developer of Kovan Residences sold about 20 units last week, bringing total sales to over 100 units since the 99-year project was previewed at a private party on June 28. The average price is somewhere in the $870-900 psf range. Nearby, MCL Land sold another three units at its D-Pavilion, a freehold project priced at $900 psf on average last week. This was a slower sales rate than initial sales of 10 units the preceding weekend.
The stakes will go up for these two developers when Frasers Centrepoint previews this weekend its Woodsville 28 near Potong Pasir MRT Station - which is three MRT stops closer to town than Kovan MRT Station.
The 110-unit condo will have an average price of $880 psf. The 99-year leasehold development comprises two 17-storey blocks.
'The two- and three-bedder units, with respective average sizes of 883 sq ft and 1,195 sq ft, are about 5 to 6 per cent smaller than conventional units as we've adjusted our sizes to fit the profile of the market we're targeting - those just starting their families or young couples who want to stay near the city and even retirees.
'Two-bedroom apartments start at $700,000 and three-bedders from just over $1 million,' says Frasers Centrepoint Homes chief operating officer Cheang Kok Kheong.
CDL's spokeswoman said Livia saw strong take-up of various unit types last week, especially two- and three-bedders. 'The four-bedroom apartments were purchased either for owner occupation or rental potential in view of United World College's East Campus coming up in the vicinity.
'The project's average price remains $650 psf, with prices for certain unit types and facing being upped by 1-3 per cent for the latest release of 120 units last weekend,' she added.
The 96 units sold at Livia last week contrasted with sales of 160 units in the preceding week when CDL previewed the 99-year leasehold project, resulting in total sales of 256 units. So far, 320 of the condo's total 724 units have been released.
A veteran property consultant said: 'Crowds were generally still very good at showflats last weekend, though take-up has slowed. In any development, demand for 30-40 per cent of units comes from the surrounding population catchment. Usually that's the case, good or bad times.
'Once sales in a project launch hits a certain percentage from this catchment demand, developers have to attract people from other parts of Singapore. That's a tougher job, with a lot more convincing to be done compared with selling to people who already know the area.'
Another problem is that buyers are unsure of the property market's direction. 'Even when there are attractively priced projects, potential buyers worry if property prices will go down further. They also ask themselves whether they really need to upgrade; they worry about the economy and their jobs. The bad news coming out from financial institutions in the US is a big concern,' a property agent said.
On a more positive note, Sim Lian's Ms Kuik said: 'If you have a good product in a location where there's a pool of buyers and if your pricing is reasonable, there will be take-up.'
what is the going price NOW ?Originally Posted by abyss
any guys could share ?
i also want to know what price the agents are offering now.Originally Posted by sunny_man
from the newspapers report on the sales figures, seems it is about 40% sold, wonder if the developer will drop the price further?
wats the psf now?
3-room unit is ard 860-900psf.Originally Posted by abyss
thats attractive price
In a year's time you might think otherwise.Originally Posted by buy
Yes, agreed.Originally Posted by vino
You may think it is a dirt-cheap steal.
haha...u might just be right...and hopefully this feeling won't go away after another year from then.Originally Posted by UnregĄstered
any kind soul here have the floor plan to share?
quite pricey IMO. given that its facing away from the main road, which may be a plus point + the layout and finishing are very good, this looks to be quite a good buy if the prices fall a further 10-15%. unfortunately, most of the choice units have been taken up (8 will have some aftnoon sun, 6 and 13 taken up).
Sim Lian projects seems to have high ceiling as Signature. Can anyone share the floor plans? Went past the area and saw this project while going to drink Old Town White Coffee.
yes, ceiling around 3.15m makes it look spacious!
more airy with high ceiling
Now is S$815psfOriginally Posted by vino
IMO is going to drop further after year 2008
Too bad!Originally Posted by UnregĄstered
Too far from RWS.
Otherwise, they can stay here.
Originally Posted by CNA
Nope....$815psf got reason de. Look at the size of the apartments sold.Originally Posted by Jennifer
$815 will be just slightly above land + construction cost.
Originally Posted by KK1
Yes i know the bigger the area, the cheaper the psf.
Understand they bought the land at high price too. They probably earning only S$10psf when sell S$815psf and chances for them to drop price is slim.
But still, price is not gg to be up in the coming months (IMO)
Anyone knows the updated price for Amery and Poshgrove?Originally Posted by Jennifer
Yes, anyone got the latest price update?
Did anyone see Amery recently? Appears no sales for the past few months. Still only 50% sold.
Heard their prices have come down to ard 800psf neg recently. Coming down further? Any comments
Is it 50% sold? I thought only 1 3-bedroom unit left and the rest are penthouse units.Originally Posted by osccss
Anyone knows whether there is any more units left for Amery? If yes, where can I get the info? Thanks.
Acccording to URA website, there's still 35 units as at end June 2009. You can check with streetsine for the latest transactions.Originally Posted by LongMan
Thanks for the info. Looks like the price has shoot up a lot recently.Originally Posted by sleek
Do you have the July's info as well?